CMS Energy Co. (NYSE:CMS) Stock Holdings Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of CMS Energy Co. (NYSE:CMS) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,065 shares of the utilities provider’s stock after selling 2,763 shares during the period. State of Alaska Department of Revenue’s holdings in CMS Energy were worth $2,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new position in CMS Energy during the 3rd quarter valued at $40,000. Covestor Ltd boosted its stake in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new position in shares of CMS Energy in the 3rd quarter worth $56,000. 93.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock valued at $2,228,084 over the last quarter. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMS shares. Guggenheim restated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday. Morgan Stanley decreased their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $71.15.

CMS Energy Price Performance

CMS opened at $69.14 on Tuesday. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The stock has a fifty day moving average price of $66.77 and a 200 day moving average price of $67.93.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 62.05%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.